Insider Selling: Global-e Online (NASDAQ:GLBE) CEO Sells 12,856 Shares of Stock

Global-e Online Ltd. (NASDAQ:GLBE) CEO Amir Schlachet sold 12,856 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $37.38, for a total value of $480,557.28. Following the transaction, the chief executive officer owned 3,703,876 shares of the company’s stock, valued at $138,450,884.88. This trade represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Amir Schlachet also recently made the following trade(s):

• On Thursday, September 17th, Amir Schlachet sold 12,143 shares of Global-e Online stock. The shares were sold at an average price of $38.28, for a total transaction of $464,834.04.
• On Wednesday, September 2nd, Amir Schlachet sold 24,999 shares of Global-e Online stock. The shares were sold at an average price of $38.24, for a total transaction of $955,961.76.
• On Thursday, August 13th, Amir Schlachet sold 100,000 shares of Global-e Online stock. The stock was sold at an average price of $42.10, for a total value of $4,210,000.00.
• On Friday, August 14th, Amir Schlachet sold 81,556 shares of Global-e Online stock. The stock was sold at an average price of $42.30, for a total value of $3,449,818.80.
• On Wednesday, August 12th, Amir Schlachet sold 16,814 shares of Global-e Online stock. The shares were sold at an average price of $42.41, for a total value of $713,081.74.
• On Monday, August 10th, Amir Schlachet sold 322 shares of Global-e Online stock. The shares were sold at an average price of $42.07, for a total value of $13,546.54.
• On Friday, August 7th, Amir Schlachet sold 100,000 shares of Global-e Online stock. The stock was sold at an average price of $42.20, for a total value of $4,220,000.00.
• On Wednesday, August 5th, Amir Schlachet sold 1,308 shares of Global-e Online stock. The stock was sold at an average price of $42.09, for a total value of $55,053.72.
• On Tuesday, August 4th, Amir Schlachet sold 24,999 shares of Global-e Online stock. The stock was sold at an average price of $41.23, for a total transaction of $1,030,708.77.
• On Friday, June 26th, Amir Schlachet sold 58,331 shares of Global-e Online stock. The shares were sold at an average price of $36.21, for a total transaction of $2,112,165.51.

Global-e Online Stock Up 3.0%

NASDAQ:GLBE traded up $1.18 during trading hours on Tuesday, reaching $40.87. The company had a trading volume of 312,394 shares, compared to its average volume of 1,550,538. Global-e Online Ltd. has a twelve month low of $26.84 and a twelve month high of $43.99. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 47.53 and a beta of 1.00. The business’s 50-day simple moving average is $38.95 and its two-hundred day simple moving average is $34.78.

Global-e Online (NASDAQ:GLBE) last released its quarterly earnings data on Tuesday, June 30th. The company reported $0.37 earnings per share (EPS) for the quarter. Global-e Online had a net margin of 13.87% and a return on equity of 16.70%. The company had revenue of $299.00 million for the quarter. As a group, equities analysts predict that Global-e Online Ltd. will post 1.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on GLBE. The Goldman Sachs Group restated a “buy” rating on shares of Global-e Online in a report on Wednesday, August 12th. Zacks Research raised shares of Global-e Online from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 25th. Raymond James Financial reiterated an “outperform” rating and issued a $48.00 target price on shares of Global-e Online in a research note on Thursday, August 13th. BMO Capital Markets increased their price target on Global-e Online from $42.00 to $46.00 and gave the company an “outperform” rating in a research report on Tuesday, August 4th. Finally, Loop Capital set a $49.00 price objective on Global-e Online in a research note on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.69.

Hedge Funds Weigh In On Global-e Online

Several institutional investors and hedge funds have recently bought and sold shares of GLBE. MCF Advisors LLC raised its stake in shares of Global-e Online by 62.4% in the second quarter. MCF Advisors LLC now owns 1,437 shares of the company’s stock valued at $50,000 after buying an additional 552 shares during the period. Bienville Capital Management LLC purchased a new stake in Global-e Online in the 2nd quarter worth about $13,021,000. Keenan Capital LLC increased its holdings in Global-e Online by 4.8% in the 2nd quarter. Keenan Capital LLC now owns 1,955,262 shares of the company’s stock worth $67,906,000 after acquiring an additional 90,000 shares during the last quarter. Spyglass Capital Management LLC raised its stake in Global-e Online by 1.1% in the 2nd quarter. Spyglass Capital Management LLC now owns 1,958,379 shares of the company’s stock valued at $68,015,000 after acquiring an additional 20,610 shares during the period. Finally, Wellington Management Group LLP boosted its position in Global-e Online by 3,232.4% during the second quarter. Wellington Management Group LLP now owns 2,101,009 shares of the company’s stock worth $72,968,000 after purchasing an additional 2,037,962 shares during the period. 94.60% of the stock is owned by institutional investors.

Global-e Online Company Profile

Global-e Online Ltd. (NASDAQ: GLBE) provides a software platform that enables merchants and brands to sell products internationally through localized e-commerce experiences. Its technology is designed to help businesses manage the operational and regulatory complexities of cross-border online commerce while presenting shoppers with familiar purchasing experiences in their local markets.

The company’s services include localized websites and checkout experiences, support for multiple currencies and payment methods, international shipping options, calculation and collection of duties and taxes, fraud prevention, returns management, and analytics.